SubX Finance Lab Review - Why I'm Bullish On $SFX

Note: I made this video a couple months ago, so some info (like token price etc) is outdated. But the article below was written today, so it’s fully up to date.

What Is SubX Finance Lab?

SubX Finance Lab is a blockchain-as-a-service provider that offers Web3 tools and services to other blockchain businesses. They make it easy for businesses to integrate Web3 technologies into their products, without needing extensive coding knowledge and without needing to build the entire infrastructure on their own.

They also have several products for use by consumers, which I will discuss shortly.

The SFX Token

SFX is SubX’s native cryptocurrency, which resides on the BNB Smart Chain. The SFX token has been reviewed by attorneys and deemed to not be a security, as can be seen on their website.

The token has 3 main use cases, which are outlined below.

Usage Of Products

Any business that wants to use SubX’s services is required to either hold, stake or pay a certain amount of SFX in order to use these services.

This means that the more customers SubX is able to acquire, the higher the demand will be for the SFX token.

Staking

SFX holders can stake their tokens, which currently pays a ridiculous APY of up to 80%. This APY rate will last for most of 2022, and will likely be reduced to a lower number later on.

SubX takes a portion of all company revenue and adds it into the staking pool in order to reward holders. This makes the staking model sustainable, but likely not at 80% APY forever.

Governance

This utility is currently not available yet, but SubX is working on launching a DAO where holders will get to vote on certain decisions about the project.

More On Staking

SFX holders currently have 3 options if they want to stake their tokens. Each option has a different vesting period, and offers a different APY.

Pink Vault

Staking your tokens in the pink vault has a 7 day minimum lockup period. The pink vault offers 25% APY. You must stake at least 10 SFX tokens in order to use the pink vault.

Blue Vault

Staking in the blue vault has a 30 day minimum lockup period, and offers 50% APY. The minimum required amount to stake in the blue vault is 50 SFX.

Green Vault

There is a 60 day minimum lockup period to use the green vault. APY is 80%, and you need to stake a minimum of 100 SFX.

You can withdraw your tokens from any of the 3 vaults before your lockup period is over, but there is a 25% penalty for doing this.

Products

Subx offers a wide range of products, which they break down into 2 categories- Infrastructure, and Solutions.

The Infrastructure products are the blockchain-as-a-service ones that are targeted at businesses (white label).

The Solutions products are targeted at businesses or consumers, under the SubX Finance Lab branding.

I’ll give a brief description of each of the products.

Infrastructure

Synergy

A low-code auth protocol to allow businesses to integrate their tokens into existing websites and applications.

Let’s say that a company has a web2 app or website, and wants to go web3 and integrate a token. But, they don’t have the time and/or development skills to do this on their own.

That’s where Synergy comes in. Get in touch with SubX, make a payment and now you have your token integrated directly into your website or application.

Version 1 of Synergy has been launched.

Gateway

A low-code payment protocol to allow businesses to accept tokens as payment.

You can think of this like integrating PayPal into your website, except for all sorts of different cryptocurrencies, on different blockchains.

Gateway is currently under development, and scheduled on their roadmap for February.

Swap

A DEX interface to allow users to buy and sell tokens easily.

This is pretty self explanatory. Think UniSwap or PancakeSwap (or LeoDex when those diesel pools drop), but instead of a B2C model, this is a white label solution for other businesses to put their own branding on.

Version 1 of Swap has been launched.

Bounty

A staking-as-a-service platform where businesses can reward their token holders with tokens.

Remember in the beginning of the article when I mentioned that you can stake your SFX in 1 of 3 different vaults? Well, SubX also allows other businesses to use this product as well. If you have a token that you want your holders to be able to stake, you can use SubX’s Bounty product instead of having to create your own smart contracts.

Version 1 of Bounty has been launched.

Congress

A voting-as-a-service platform where businesses empower their token holders in the decision making process.

Congress is essentially a “create your own DAO” service. Again, instead of having to write your own smart contracts for this, SubX offers a plug and play solution that can be customized for your project.

Version 1 of Congress has been launched.

Harvest

A farming-as-a-service platform where businesses can allow users to farm token A with token B.

I’m sure many of you are familiar with the concept of farming tokens at this point. But for those of you who aren’t, it’s just like staking - except the dividend you receive is different than the token you are staking.

Example: stake some $BLEO tokens, receive some $CUB as a reward.

Many projects want to offer something like this, but it’s complicated and expensive to set up on your own. That’s why SubX offers the Harvest product, so you don’t have to do all the work yourself.

Version 1 of Harvest is launched.

Mint

NFT minting and e-commerce solution for businesses.

Want to create your own NFT marketplace, but don’t feel like building one from scratch? Mint allows you to launch your own NFT platform in as little as 5 working days, and is currently compatible with the BSC and ETH networks.

Version 1 of Mint is launched.

Satellite

A DEX aggregator to give users the best rates across decentralized exchanges.

Ever heard of 1inch? It’s a decentralized exchange where you can make swaps just like on Uniswap, but instead of just accepting whatever rate the exchange is asking, you can check several different exchanges, all from 1 interface. Whichever exchange currently has the best rate, that’s the one where your swap will take place.

This is what a DEX aggregator is. Satellite is the white label version, where any business can launch their own without having extensive coding knowledge.

Satellite version 1 has been launched.

Custody

An all-in-one on-device crypto wallet.

It’s 2022, why bother creating your own crypto wallet? Is anyone even still doing that these days? Tokens are the future, and there are wallets like MetaMask, Exodus and 1000 others. But if you have a coin or a special token that needs its own wallet, Custody can be customized for your project so you don’t need to code a new wallet from scratch.

Version 1 of Custody has been launched.

Solutions

Nitrogen

A token discoverability platform with an innovative voting system.

Similar to CoinSniper, Nitrogen is a platform where new cryptocurrency projects can get listed before they are on CoinMarketCap or CoinGecko. This benefits projects and crypto investors, because projects can get exposure while still in their infancy stages, and investors can discover exciting new projects before they do a 100x.

This opens up the door for several revenue streams, such as charging for coin listings, advertising space, etc. And remember, SubX takes a portion of all revenue and gives it back to token holders in the form of staking rewards.

Nitrogen is currently in development, and on the roadmap for March.

Genesis

A no-code platform for businesses to create their own blockchain token.

Again, this one is pretty self explanatory. Thousands of new tokens are being launched in the crypto space each week, and there’s no reason to go coding your own token these days. Not when there are companies like SubX and UniCrypt who offer plug and play solutions for creating your own crypto token.

Genesis is currently under development.

Osmosis

A platform for businesses to white-label and/or resell our products.

Well, SubX already white labels their products to other businesses. Osmosis allows other businesses to white label Subx’s products to… other … businesses. This is similar to an affiliate program, but instead of directing the customers to SubX, a business can offer the product directly to the person buying it.

Basically, when you white label a product, it usually comes with restrictions - you can’t just take your white label product and then go and white label it out to someone else. Osmosis removes that restriction - that’s the best way I can explain it.

Osmosis is still in development.

Why I’m Bullish

The SFX token currently has a fully diluted market cap of about $5M USD. Their main competitor, Alpha Finance Lab, currently has a market cap of $163M with an all time high of about $638M.

Alpha Finance only offers a fraction of the products that SubX offers, and SubX has great leadership and a very enthusiastic community. I honestly haven’t seen a community who shills so hard since the Link Marines.

Full disclosure, I do own a hefty bag of SFX tokens which I’m currently staking in the green vault. Also there’s one thing worth mentioning - on February 23, there will be a token unlock (there was a fork recently, and a vesting period for a percentage of the coins that were forked from the old token). I am personally expecting a bit of a dump when these tokens get unlocked, because that’s what people do after their funds become liquid again. If I were looking to buy some SFX, I’d probably wait until the 23rd and look for a dip.

What do you guys/gals think about SubX? Do you have any SFX? Are you planning on getting any? Drop me a comment and let me know.

Posted Using LeoFinance ^Beta